Capstone Asset Management Co. decreased its stake in Buckle Inc. (NYSE:BKE) by 1.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,911 shares of the company’s stock after selling 145 shares during the period. Capstone Asset Management Co.’s holdings in Buckle were worth $214,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Teacher Retirement System of Texas raised its position in shares of Buckle by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 4,069 shares of the company’s stock valued at $106,000 after buying an additional 500 shares during the period. BlackRock Inc. raised its position in shares of Buckle by 129.0% in the first quarter. BlackRock Inc. now owns 4,186 shares of the company’s stock valued at $142,000 after buying an additional 2,358 shares during the period. Public Employees Retirement System of Ohio raised its position in shares of Buckle by 21.8% in the second quarter. Public Employees Retirement System of Ohio now owns 4,929 shares of the company’s stock valued at $128,000 after buying an additional 883 shares during the period. Mason Street Advisors LLC acquired a new position in shares of Buckle during the second quarter valued at approximately $142,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Buckle during the second quarter valued at approximately $200,000. Institutional investors own 65.35% of the company’s stock.
Shares of Buckle Inc. (NYSE:BKE) traded up 1.27% during mid-day trading on Wednesday, reaching $21.45. 307,916 shares of the company’s stock were exchanged. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 8.01 and a beta of 1.20. The stock’s 50-day moving average is $24.49 and its 200-day moving average is $26.39. Buckle Inc. has a 52-week low of $20.85 and a 52-week high of $36.16.
Buckle (NYSE:BKE) last announced its quarterly earnings results on Friday, August 19th. The company reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by $0.04. Buckle had a net margin of 12.06% and a return on equity of 30.53%. The company earned $212.20 million during the quarter. During the same quarter in the prior year, the firm posted $0.49 earnings per share. The business’s quarterly revenue was down 10.1% on a year-over-year basis. On average, equities analysts expect that Buckle Inc. will post $2.38 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 27th. Shareholders of record on Friday, October 14th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.66%. The ex-dividend date of this dividend is Wednesday, October 12th. Buckle’s payout ratio is currently 37.45%.
Several brokerages have recently commented on BKE. Wedbush restated a “neutral” rating and set a $21.00 price target (down previously from $22.00) on shares of Buckle in a research note on Sunday, September 4th. Zacks Investment Research lowered shares of Buckle from a “hold” rating to a “sell” rating in a research note on Wednesday, August 3rd. Deutsche Bank AG reiterated a “sell” rating and issued a $22.00 target price on shares of Buckle in a research note on Tuesday, July 5th. Finally, KeyCorp reiterated an “equal weight” rating on shares of Buckle in a research note on Sunday, June 26th. Three equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $29.80.
In other Buckle news, VP Kyle Hanson sold 1,000 shares of Buckle stock in a transaction that occurred on Tuesday, July 19th. The shares were sold at an average price of $26.25, for a total value of $26,250.00. Following the transaction, the vice president now owns 25,400 shares of the company’s stock, valued at $666,750. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 41.80% of the stock is currently owned by company insiders.
Buckle Company Profile
The Buckle, Inc is a retailer of casual apparel, footwear and accessories for young men and women. The Company markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories and footwear. The Company provides customer services, such as free hemming, free gift-wrapping, easy layaways, the Buckle private label credit card, and a frequent shopper program.